Student Loan Agencies Claim Immunity From Qui Tam FCA Suit

Law360, New York (September 21, 2012, 6:35 PM EDT) -- Four quasi-state student loan financing agencies on Thursday urged a Virginia federal judge to toss them from a long-running False Claims Act qui tam suit accusing them and others of improperly inflating interest rate subsidies from the U.S. Department of Education, arguing that they are immune from such lawsuits.

The Vermont Student Assistance Corp., the Kentucky Higher Education Student Loan Corp., the Arkansas Student Loan Authority and the Pennsylvania Higher Education Assistance Agency all argued in motions to dismiss that they were arms of their respective...
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